Can Fin Homes Ltd. share price target

Growth and margin rebound expected; Retain BUY'

As the Covid 19 laden economy started recovering, covering, disbursements grew in Q3 from Q2 (Rs 1106 crs Vs Rs 825 crs) but declined by a surprising 43% in...

Can Fin Homes Ltd is the housing finance arm of Canara bank. The company has dominance in South India with focus on Tier 1 and Tier 2 cities. It provides housing loans, composite loans, non-housing loans,...

We remain positive on thestock given its favourable loan mix, sustained margins, comfortable liquidity position and robust CAR (24%). We maintain Buy with a revised target price of Rs 573 (2.5x FY23E ABV)

Can Fin Homes Ltd. (CFH) reported an in-line set of numbers for Q3FY21.

Can Fin Homes (CANF)'s PAT grew 24% YoY to INR1.3b (largely stable QoQ). The company had a mixed quarter, with disbursements remaining muted, while spreads were stable despite yield pressure....

Pick up in fresh disbursals QoQ is comforting. We remain positive on the stock given its favourable loan mix, sustained margins, comfortable liquidity position and robust CAR (25%) and recommend BUY with target price of Rs 515 (2.3x FY22E ABV).

Can Fin Homes Ltd. (CFH) reported a substantial beat to our estimates in the quarter driven by sharp increase in NIMs

Can Fin's Q2 FY21 result was exceptionally strong on the back of sharp NIM improvementandmodestprovisions(backedbymanagementassessmentofpotential stressandextanthealthyprovisioningbuffer).WeconcurwithmanagementthatNPL increaseandrestructuringquantumwouldnotbesignificantconsideringencouraging collectiontrends(93%inSeptand9697%inOct)andcustomerprofileofthebook. CreditcostfromH2FY21isexpectedtolargenormalize(1520bpsannualized). WhiletheNIMcouldstayaroundthecurrentelevatedlevel(3.94%)foracoupleof quarters (1020 bps incremental decline in cost of fundspossible), it will most likely...

Can Fin Homes Ltd. (CFH) reported in-line numbers for the quarter against our and consensus estimates in the midst of an challenging environment.